The Fiat Standard , livre audio
12:44:01
English
Livres audio
2021
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12:44:01
English
Livres audio
2021
Obtenez un accès à la bibliothèque pour le consulter en ligne En savoir plus
Publié par
Date de parution
21 décembre 2021
Nombre de lectures
0
EAN13
9781544526454
Langue
English
Poids de l'ouvrage
1923 Mo
This time, Ammous delves into the world's earlier shift from the gold standard to today's system of government-backed fiat money—outlining the fiat standard's purposes and failures; deriving the wider economic, political, and social implications of its use; and examining how bitcoin will affect it over time.
With penetrating insight, Ammous analyzes global political currencies by analogy to bitcoin: how they're "mined" whenever government-guaranteed entities create loans, their lack of inherent restraints on inflation, and the rampant government intervention that has resulted in heavy, devastating, and persistent distortions to global markets for food, fuel, science, and education.
Through these comparisons, Ammous demonstrates that bitcoin could be our next step forward—providing high salability across space, just like the fiat system, but without the unchecked fiat-denominated debt. Rather than a messy hyperinflationary collapse, the rise of bitcoin could look like a debt jubilee and an orderly upgrade to the world's monetary operating system, revolutionizing global capital and energy markets.
Publié par
Date de parution
21 décembre 2021
Nombre de lectures
0
EAN13
9781544526454
Langue
English
Poids de l'ouvrage
1923 Mo
